United Parks & Resorts Inc. - SEAS STOCK NEWS

SeaWorld Entertainment, Inc. (NYSE: SEAS) announced a private offering of $825 million in senior notes due 2029, guaranteed by the Company and its subsidiaries. Proceeds will be used to redeem $450 million of existing senior secured notes due 2025, refinance current term loans, and cover offering expenses. These notes are targeted at qualified institutional buyers only, in accordance with Rule 144A of the Securities Act. Important to note, the offering is not registered under the Securities Act and cannot be sold in the U.S. without an exemption.

SeaWorld Entertainment reported strong financial results for Q2 2021, generating record revenue of $439.8 million, a substantial increase from Q2 2020’s $18 million. Attendance rose to 5.8 million, although it remains below 2019 levels by 10.1%. Net income hit $127.8 million, up significantly from a $131 million loss in Q2 2020. Adjusted EBITDA reached a record $218.8 million, marking a 46.2% increase from 2019. Operating cash flow was also strong at $229.7 million. The company highlighted a robust consumer demand environment and a significant recovery, despite ongoing COVID-19 impacts.

SeaWorld Entertainment, Inc. (NYSE: SEAS) will release its second quarter financial results on August 5, 2021, before market opens. A live conference call will also take place the same day at 9 a.m. Eastern Time, accessible via the Company's website. For those unable to attend, a replay will be available from 12 p.m. Eastern Time on August 5 through August 12, 2021. SeaWorld is recognized for its animal welfare efforts and operates a portfolio of parks, including SeaWorld and Busch Gardens, offering diverse attractions for guests.

SeaWorld Orlando has been recognized as the Best Amusement Park in the U.S. by USA Today readers and its coaster Mako has retained its title as the number one roller coaster in the country. This marks the first time SeaWorld has topped both polls simultaneously. The park president, Kyle Miller, expressed excitement over the accolades, highlighting the commitment of their team. New experiences launched this year include enhanced dining options, seasonal shows, and upgrades to existing attractions. An extended sale offers up to 35% off on tickets and passes.

SeaWorld Entertainment, Inc. (NYSE: SEAS) announced the appointment of Tom Iven as Chief Operating Officer effective June 28, 2021. The decision was unanimously approved by the Board of Directors. CEO Marc Swanson expressed confidence in Iven's extensive theme park experience, hoping to enhance the company's operations post COVID-19. Iven previously served as Senior Vice President of Park Operations for Six Flags and has a proven track record in park operations and development. The announcement follows the termination of former COO Walter Bogumil's employment on June 27, 2021.

SeaWorld Orlando announces the launch of Howl-O-Scream, a new nighttime Halloween event, starting on September 10 and running through October 31. This separately-ticketed event will feature 27 nights of haunted houses, scare zones, and live shows, enhancing the park's existing fall offerings. Exclusive discounts for Annual Pass Members are available. The event promises thrilling experiences including dark coaster rides, immersive scare zones, and interactive bars, making SeaWorld Orlando a unique destination for both family-friendly and mature audiences during Halloween.

SeaWorld Entertainment (SEAS) reported its Q1 2021 financial results, highlighting 2.2 million guests, a 4.5% decline from Q1 2020. Total revenue increased 12% to $171.9 million, but net loss improved to $44.9 million. Adjusted EBITDA reached $25.2 million, an increase of $56 million year-over-year. Attendance trends showed a gradual recovery, especially during Spring Break. Despite COVID-19 impacts, liquidity remains strong with $743 million available. The company anticipates further growth as capacity restrictions ease.

SeaWorld Entertainment, Inc. (NYSE: SEAS) has appointed Marc Swanson as CEO and Elizabeth Castro Gulacsy as CFO and Treasurer, effective immediately. The Board of Directors unanimously approved these appointments, reflecting their confidence in the executives' leadership as the company recovers from the pandemic. Swanson, with over 20 years in various leadership roles, previously served as interim CEO, while Gulacsy has been with the company for eight years. Both express commitment to enhancing profitability and executing SeaWorld’s long-term strategy for growth.

Busch Gardens has launched a campaign offering free admission to U.S. military veterans and their families at its Tampa Bay and Williamsburg parks, running from today until June 27. This initiative is part of the Waves of Honor program, which has provided over 10 million free entries since 2005. Veterans can register online for complimentary tickets, while active military personnel can also purchase additional tickets at a 50% discount. Enhanced health protocols are in place to ensure safety during visits, including physical distancing and sanitization.